Ten ways to stay out of court

May 23, 2004 | Articles, Sean Breen

Austin Business Journal – by Sean Breen

There is nothing more gratifying for an entrepreneur than to grow a great idea into a solid business.

However, a mistake I see happen again and again is pouring all one’s energy, time and funding into the conception and follow-through of the idea, while overlooking the business’ proper legal setup and administrative organization.

Ignorance is bliss, until that lawsuit you never thought would happen arrives.

Consider this. Would you ever leave your place of business at the end of the day and not lock the doors? Protecting your business should be about much more than having a good security alarm.

It’s about ensuring that the business is prepared to handle restrictive covenants, noncompete agreements, trademark infringement claims and employment issues. Keep in mind that no industry is immune to litigation problems.

Beyond the standard legal documents a corporate lawyer would prepare for any startup, here are some constructive measures to keep your business protected: (more…)

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